Housing Wire

APRIL 20, 2021

” From the Mortgage Bankers Association (MBA): “While MBA supports the ongoing development of such tools, MBA also acknowledges the need for appraisers and lenders to provide some level of oversight and due diligence to preserve the overall quality of the data referenced in future valuations. .”

Technology 395

Technology Due diligence Lending Industrial 395

Housing Wire

AUGUST 28, 2020

Gateway First Bank officially named Scott Gesell CEO and general counsel after serving as CEO on an interim basis since April 3. Before being named CEO, he was chief administrative officer and general counsel for the bank and has also held senior roles at Colorado National Bancorp , American Residential Communities and First Nationwide Bank.

Banks 239

Banks Mortgages Technology Residential 239

Housing Wire

APRIL 9, 2024

It’s supported by Varun Krishna , a veteran in the financial technology world and former executive at Intuit and PayPal , who was appointed as the company’s new CEO in July 2023, replacing Bob Walters. The lender says the technology allows the company to close loans 2.5 Rampell co-founded several fintech firms, including Affirm.

Loans 411

Loans Technology Mortgages Finance 411

Housing Wire

FEBRUARY 5, 2021

Multi-year HousingWire Tech100 winner Built Technologies , a construction finance software and construction payment technology company, closed an $88 million Series C funding round. The post Built Technologies closes $88 million Series C funding round appeared first on HousingWire. and Canada. and Canada.

Technology 249

Technology Closing Construction Commercial 249

Housing Wire

AUGUST 7, 2020

Patricia Suazo has joined FundingShield as its vice president of technology operations and integrations. Suazo has over 15 years of leadership experience in the mortgage lending space with firms including Stearns Lending , Bank of America , Carrington Holding Company and CloudVirga.

Title 259

Title Technology Lending Banks 259

Housing Wire

JULY 6, 2023

First American Financial Corporation announced this week the appointment of Jody Mulkey as its chief technology officer. In this role, Mulkey will lead the corporate product development team, which is responsible for building and enhancing enterprise products across multiple First American divisions.

Technology 317

Technology Development Title Banks 317

Housing Wire

APRIL 13, 2022

Despite advances in technology, the mortgage industry still lacks efficiency. Mortgage executives are aware of a problem: despite billions of dollars in technology investments , the mortgage industry still largely looks like it did two decades ago. He added: “We have a tremendous amount of proprietary technology being built.

Mortgages 390

Mortgages Banks Technology Finance 390

Housing Wire

OCTOBER 4, 2023

Lending institutions included mortgage banks, depository institutions and credit unions. Among lenders who have not used AI or ML technology, the biggest barriers to adoption in 2023 remained the same as 2018. Mortgage banks were more likely than depository institutions to cite integration complexity as a serious challenge.

Lending 376

Lending Technology Banks Mortgages 376

Housing Wire

SEPTEMBER 1, 2023

Through the development of improved and sophisticated systems, protocols and technology, these operations leaders are driving their companies to growth and success. In its 8th year, the HW Insiders program is spotlighting the talented operations professionals who are laying the foundation of success for their organizations.

Technology 436

Technology Development Title Lending 436

Housing Wire

JUNE 16, 2023

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents, and settlement agents, announced this week a new integration with Empower, the loan origination system (LOS) from Black Knight. ” SimpleNexus , an nCino company, is a developer of mobile-first technology for mortgage lenders. “We

Loan Officer 347

Loan Officer Technology Loans Banks 347

Housing Wire

FEBRUARY 27, 2024

Mortgage technology firm Xactus named Michael Crockett as its chief operating officer. Previously, he was EVP of product development at Credit Plus before Xactus acquired the company in September 2021. He previously served as the company’s chief data officer.

Technology 344

Technology Mortgages Banks Brokerage 344

Housing Wire

JULY 18, 2023

As our financial system evolves, it is critical that we adapt our application of the Fair Housing Act and ECOA to deal with technological change and other developments,” Barr said in his speech. However, there is also the potential for these technologies to exacerbate existing issues related to lending equality, Barr explained.

Lending 351

Lending Technology Banks Development 351

Housing Wire

JANUARY 23, 2024

a provider of property data and valuation technology solutions. Consolidated Analytics serves clients in financial services, mortgage lending, servicing and capital markets, including banks, government-sponsored enterprises (GSEs) and originators. Financial services firm Consolidated Analytics acquired Real Info, Inc. —

Due diligence 425

Due diligence Residential Real-estate owned Lending 425

Housing Wire

JULY 12, 2023

As lenders strive to maximize the return on investment of today’s technology and gear up for major projects in the latter half of 2023, the presence of a team that can scale according to their needs and ensure efficient service delivery is crucial, according to the company. He also holds certification in QA testing. “We

Principal 312

Principal Technology Banks Mortgages 312

Housing Wire

JUNE 2, 2023

Polly , a leading provider of innovative mortgage capital markets technology , recently announced the appointment of industry veteran Cheryl Messner as chief customer officer (CCO). Messner, who has extensive experience and expertise in mortgage fintech , joins Polly as the company experiences significant growth and adoption in the industry.

Technology 311

Technology Development Mortgages Industrial 311

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.

Lending 401

Lending Loan Officer Loans Technology 401

Housing Wire

MAY 24, 2021

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. COVID19 certainly accelerated development and focus on servicing, coming out of 2019 with record low default and foreclosure.”. Presented by: Sagent Lending Technologies.

Land 385

Land Lending Technology Banks 385

Housing Wire

MAY 2, 2021

Real estate technology has changed rapidly over the last few years, and property valuation is no exception. Quantarium, an artificial intelligence and RE data analytics company, along with Valligent Technologies, a valuation technology innovator and an appraisal management company, created QVM Insights.

Technology 202

Technology Inspection Loans Banks 202

Housing Wire

FEBRUARY 27, 2024

But before diving back in headfirst, it would be worthwhile for lenders to think through what the last two years of scarcity reveal about the normal working model of an independent mortgage bank (IMB). Last year, Floify commissioned an independent study of 150 high-performing loan originators (LOs) to gain recruiting and retention insights.

Finance 405

Finance Technology Loans Industrial 405

Housing Wire

JULY 11, 2022

Kumar was a manager at Standard Chartered Bank from 2002 to 2004. ” LendArch was founded in 2021 by Tammy Richards, whose CV includes high-level stints Bank of America , Caliber Home Loans. . ” LendArch was founded in 2021 by Tammy Richards, whose CV includes high-level stints Bank of America , Caliber Home Loans.

Mortgages 334

Mortgages Technology Banks Lending 334

Housing Wire

SEPTEMBER 25, 2023

Data provider Curinos partnered with Polly , a software-as-service mortgage technology firm, aimed to support lenders’ effective margin decisions. Founded in 2021, Curinos provides data, technologies and insights for financial institutions.

MLS 315

MLS Technology Lending Mortgages 315

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA).

Loan Officer 362

Loan Officer Loans Banks Title 362

Housing Wire

AUGUST 13, 2020

In a release on Thursday, the Federal Reserve detailed some of the research it’s doing on the benefits and risks associated with central bank digital currencies. Current research is being conducted within the Federal Reserve Board’s “TechLab” on innovations in alternative technological payments and projects, according to the release.

Banks 452

Banks Technology Development Finance 452

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The total volume should not be lower than $100 million for each bank. In the first week of October, the bank also launched a $1.5 In May, Sen. Catherine Cortez Masto (D-NV) and Rep.

Banks 351

Banks Loans Equity Finance 351

Housing Wire

MARCH 17, 2022

Figure , a blockchain-focused financial service company and Apollo , a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

Lending 455

Lending Technology Loans Mortgages 455

Housing Wire

MARCH 1, 2023

Income verification platform Truework has added its automated service ordering feature to Intercontinental Exchange (ICE) Mortgage Technology ’’s loan origination system Encompass. The firm raised $50 million in Series C funding to develop products that will advance digitizing the verification process for banks and lenders in August.

Technology 329

Technology Banks Loans Mortgages 329

Housing Wire

FEBRUARY 16, 2023

LauraMac, a provider of mortgage loan review SaaS technology, has appointed Rick Seehausen as its chief strategy officer. In his new role, Seehausen will work with the leadership team at LauraMac, overseeing strategic planning and developing new and existing products. “I

Loans 319

Loans Principal Technology Development 319

Housing Wire

OCTOBER 5, 2023

Saluda Grade , a real estate advisory and asset-management firm specializing in alternative lending products in the nonbank sector, and its fintech partner, Unlock Technologies , this week priced the industry’s first rated securitization backed entirely by shared-equity contracts (which Unlock calls HEAs).

Equity 402

Equity Purchase and sale agreement Marketing Lending 402

Housing Wire

NOVEMBER 16, 2021

nCino, a publicly traded financial tech company that specializes in cloud banking, said that its decision to purchase Utah-based SimpleNexus is a natural expansion of the company into the point-of-sale mortgage market. banks and credit unions, where nCino currently has over 1,100 customers.”. appeared first on HousingWire.

Banks 389

Banks Technology Equity Development 389

Housing Wire

APRIL 13, 2023

The wholesale channel has the ability to offer borrowers a variety of choices, with access to many different bank and lending programs. As a CDFI (Community Development Financial Institution) — a designation given by the U.S.

Lending 368

Lending Marketing Banks Investor 368

Housing Wire

MARCH 28, 2024

This was a crisis for many large Independent mortgage banks that had created fine-tuned systems for refinancing loans and had virtually no trained sales force to prospect for new purchase money business. Fine-tune your tech stack Once your team is in place, it’s time to empower them with the right technology.

Mortgages 434

Mortgages Technology Loan Officer Loans 434

Housing Wire

FEBRUARY 2, 2022

Real Genius, a division of FirstBank , one of Tennessee’s largest community banks , said that its application platform will provide borrowers with rate and cost transparency. ConsumerDirect Mortgage rebranded itself to Real Genius and announced the launch of a modern mortgage application platform to simplify a borrower’s experience.

Mortgages 319

Mortgages Lending Technology Banks 319

Housing Wire

OCTOBER 27, 2021

The non-depository bank says it has around $900 billion in its sub-servicing portfolio, and $1.1 The bank has failed to take timely corrective actions to remediate its deficiencies and unsafe or unsound practices,” the regulator said in the consent order. In addition, the bank will have to develop an IT control program. . “We

Banks 308

Banks Development Mortgages Technology 308

Housing Wire

MARCH 11, 2024

Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said. .”

Mortgages 393

Mortgages Loan Officer Loans Banks 393

Housing Wire

JUNE 8, 2023

And while all fraud is worrisome, Carol Bullion-Mincy, the business development specialist at Liberty Title Agency , said that mortgage payoff fraud is the scariest. When a request for money to be disbursed gets to your bank, the bank does an OFAC fraud check, a balance limit check and account validation,” Booth told NS3 attendees. “If

Title 308

Title Industrial Banks Technology 308

Housing Wire

APRIL 18, 2024

The flip side is if I instead have a platform that leverages technology (such as AI and optical character recognition software, or OCR) to essentially level the playing field. He stressed that the AI system is still in development and not in general use at this point. That’s a much better outcome and solution for the industry.”

Loans 391

Loans Due diligence Investor Technology 391

Housing Wire

FEBRUARY 11, 2022

Cooper , one of the nation’s top servicers, and Sagent, a loan servicing software developer, announced on Friday that they will join forces to create a cloud-native servicing platform. In August 2021, Sagent also announced a partnership with fintech lender Figure Technologies.

Technology 347

Technology Development Equity Mortgages 347